Coinspeaker
AI Tokens Pump on Positive Industry News as X Corp Announces xAI Shareholding

Artificial intelligence (AI) tokens climbed over the past weekend following news from AI companies about the future of the sector. X Corp owner and Chairman Elon Musk said on Sunday that the company’s shareholders would have a 25% stake in xAI, Musk’s new AI company.

Another factor that pumped AI stock over the last few days is news that former OpenAI CEO Sam Altman could return to the company after he was forced out last week. According to reports, some top investors are currently working on pushing for Altman’s return. Unfortunately, there is no confirmation as the company has already named former Twitch CEO Emmett Shear as CEO. Microsoft CEO Satya Nadella already announced in an X post that Altman and former OpenAI pres...